Hi everyone

Looking at my strength dash board on the 4 hour chart we can see allot of CAD pairs in the mix – so take note of the correlation as you dont want to over extend your account.

 

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The bull pairs for me this week….. 

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1) NZD/CAD on the 4 hour:

The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 124 pips higher than last week’s opening – so we DID meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.

Currently I have a long zone between 0.8280 to 0.8227

Areas to keep an eye on for support : 0.8280 and 0.8252 and 0.8227

Target: WR1 at 0.8428 and WR2 at 0.8508

Counter shorts from the WR1 at 0.8428 and WR2 at 0.8508

Target: WPV at 0.8301

Notes:

If price makes a higher high without the correction we wanted….follow price with the fib to get the adjusted long zone for the week.

If price breaks the 75% fib to the downside then re look for support at last weeks low and the 200 EMA area for support to go long at 0.8157.3

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2) Aussie/CAD on the 4 hour:

The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 124 pips higher than last week’s opening – so we DID meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.

Currently I have a long zone between 0.8940 and 0.8893

Areas to keep an eye on for support : 0.8940 and 0.8916 and 0.8893

Target: WR1 at 0.9089 and WR2 at 0.9154

Counter shorts from the WR1 at 0.9089 and WR2 at 0.9154

Target: WPV at 0.8970

Notes:

If price makes a higher high without the correction we wanted….follow price with the fib to get the adjusted long zone for the week.

If price breaks the 75% fib to the downside then re look for support at last weeks low and the 200 EMA area for support to go long at 0.8845

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3) Euro/CAD on the 4 hour:

The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 103 pips higher than last week’s opening – so we DID meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.

Currently I have a long zone between 1.3910 and 1.3822

Areas to keep an eye on for support : 1.3910 and 1.3866 and 1.3822

Target: WR1 at 1.3975 and WR2 at 1.4051

Counter shorts from the WR1 at 1.3975 and WR2 at 1.4051

Target: WPV at 1.3855

Notes:

If price makes a higher high without the correction we wanted….follow price with the fib to get the adjusted long zone for the week.

If price breaks the 75% fib to the downside then re look for support at last weeks low at 1.3734 and if that breaks then we have a huge support area between 1.3659 and 1.3583 area as we have loads of EMA`S and pivot points here.

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The bear pairs for me this week…..

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1) Dollar/CHF on the 4 hour:

The direction indicator is short on the 4 hour and SHORT on the DAILY CHART and we closed MIN 87 pips lower than last week’s opening – so we DID meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.

Currently I have a short zone between 0.9492 and 0.9545

Areas to keep an eye on for support : 0.9492 and 0.9518 and 0.9545

Target: WS1 at 0.9356 and WS2 at 0.9266

Counter shorts from the WS1 at 0.9356 and WS2 at 0.9266

Target: WPV at 0.9477

Notes:

If price makes a lower low without the correction we wanted….follow price with the fib to get the adjusted short zone for the week.

If price breaks the 75% fib to the upside then re look for resistance at last weeks high at 0.9597 and if that breaks then we have resistance at the daily 200 EMA at 0.9623 for shorts to set up from.

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2) CAD/CHF on the 4 hour:

The direction indicator is short on the 4 hour and SHORT on the DAILY CHART and we closed MIN 68 pips lower than last week’s opening – so we DID meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.

Currently I have a short zone between 0.7069 and 0.7106

Areas to keep an eye on for support : 0.7069 and 0.7088 and 0.7106

Target: WS1 at 0.7008 and WS2 at 0.6962

Counter shorts from the WS1 at 0.7008 and WS2 at 0.6962

Target: WPV at 0.7076

Notes:

If price makes a lower low without the correction we wanted….follow price with the fib to get the adjusted short zone for the week.

If price breaks the 75% fib to the upside then re look for resistance at last weeks high at 0.7144 and if that breaks then we have resistance at the daily 200 EMA and WR2 pivot at 0.7190 for shorts to set up from.

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3) USD/CAD on the 4 hour:

The direction indicator is MIXED on the 4 hour and LONG on the DAILY CHART and we closed PLUS 4 pips HIGHER than last week’s opening – so we DIDNT meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.

Notes:

Possible double top between WR1 pivot at 1.3472 and 1.3500 for shorts to set up from.

Regards

Pierre